Woodward adds: “iShares is trying to replicate the success in other countries of exchange traded funds. It is probably easier in the US because of the range of execution only stockbrokers over there. Lots of retail investors in the UK have not used a stockbroker and so I think that there is some chance that this fund will be more successful with institutional type clients.”
Scottish Widows Investment Partnership has been hit by the loss of another major client. The Port of London Authority withdrew a mandate for its £300 million pension fund. This is the sixth major client Swip has lost in four months. The Authority says it had concerns about changes in ownership following its merger with Lloyds […]
Newcastle based High Street Home Loans have unfurled a new mortgage .aimed at aspiring homeowners who cannot obtain loans from traditional high street lenders. The product offers a rate of 8.29 per cent fixed until November 2001 up to 90 per cent of the LTV where borrowers have not more than £2,000 worth of unsatisfied […]
Small firms are unhappy with the performance of banks according to a survey by the Forum of Private Business. The research revealed a rise in complaints by small businesses as a result of bank mergers and their increasing reliance on computers over people. The survey also found that despite a stable economy the performance of […]
The Government does not seem to trust IFAs to del iver stakeholder succ ess.Could it be that the massive squeeze caused by the slashing of margins to 25 per cent of their previous levels has worried the Govern ment enough for it to attempt to broaden the distribution net for stakeholder as wide as possible? […]
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
- Top trends
- Top trends
- Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
- Scottish Widows mulls Standard Life corporate pensions book takeover
- Martin Lewis wins claim against PPI chaser that used his image
- The future of Cofunds: What next for a platform titan?
- How much are advisers charging for pension transfers?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]